New York, NY (PRWEB) June 10, 2015
In May of this year, CFO magazine conducted a survey of more than 400 CFOs and senior finance executives to gauge and understand their work-life balance. Published in the June issue of the magazine, the survey findings support the hypothesis that many CFOs shortchange their personal lives, and some even endanger their health, as they seek to manage expanding professional responsibilities.
In the survey, senior finance executives at organizations with less than $1 billion in annual revenues report that they work an average 53 hours per week, while executives at organizations with more than $1 billion in annual revenues report that they work an average of 58 hours per week. Among all the senior finance executives surveyed:
- 89% report that the expectation that they will respond to emails/messages outside of normal business hours has increased compared to five years ago
- 73% agree that, over the last two years, advances in mobile technology and better connectivity to enterprise systems have increased their total number of hours devoted to work
- 68% report they have suffered from “burnout”
- 52% say that work-related stress has had a harmful effect on their health at some point in their career
- 27% say that they use all of their vacation time
In response to an open-ended survey question, senior finance executives proffered a great deal of advice for their peers on managing work-life balance. One VP of Finance & Operations summarized the end-goal: “The definition of ‘success’ needs to include effective management of work-life balance, so life accomplishments outside of work are not only possible; they’re an integral part of how success is perceived.”
Interestingly, despite the workloads that senior finance executives shoulder, 67% indicate that, if they were beginning their career again, they would still choose a career in finance.
Complete survey findings can be found on http://www.cfo.com.
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